Local news outlets and the Associated Press reported on Friday that João Roque, an employee of C&M Software, was nabbed by police and told them he sold his login credentials to hackers who had approached him earlier this year. Police told the Associated Press the hackers stole more than 540 million Brazilian reais (more than $98.3 million) from at least one financial institution but likely took more from other banks and lenders. The Central Bank has shut off access to parts of C&M Software’s system and police are now searching for the hackers behind the incident, identifying at least four culprits. Roque worked on the company’s information technology team and helped the hackers breach PIX — which links Brazil’s Central Bank to the country’s financial institutions. Police in Brazil have arrested an employee of a prominent software company after more than $100 million was stolen through an instant payment system called PIX. “The company is a direct victim of criminal action, which included the misuse of credentials to attempt to fraudulently access its systems and services,” the company told TV Globo in a statement last week. C&M Software told local news outlets that they are cooperating with police.
This Cyber News was published on therecord.media. Publication date: Mon, 07 Jul 2025 21:40:13 +0000